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AB-2604 Public Utilities Commission.(2017-2018)

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Date Published: 02/15/2018 09:00 PM
AB2604:v99#DOCUMENT


CALIFORNIA LEGISLATURE— 2017–2018 REGULAR SESSION

Assembly Bill
No. 2604


Introduced by Assembly Member Cunningham

February 15, 2018


An act to amend Section 303 of the Public Utilities Code, relating to the Public Utilities Commission.


LEGISLATIVE COUNSEL'S DIGEST


AB 2604, as introduced, Cunningham. Public Utilities Commission.
The California Constitution establishes the Public Utilities Commission, with jurisdiction over all public utilities. Existing law prohibits an executive of a public utility from serving as a commissioner within 2 years after leaving the employment of the utility.
This bill would instead prohibit an employee of a public utility from serving as a commissioner within 2 years after leaving the employment of the utility.
Vote: MAJORITY   Appropriation: NO   Fiscal Committee: NO   Local Program: NO  

The people of the State of California do enact as follows:


SECTION 1.

 Section 303 of the Public Utilities Code is amended to read:

303.
 (a) A public utilities commissioner may not hold an official relation to, nor have a financial interest in, a person or corporation subject to regulation by the commission. If any commissioner acquires a financial interest in a corporation or person subject to regulation by the commission other than voluntarily, his or her office shall become vacant unless within a reasonable time he or she divests himself or herself of the interest.
(b) No executive employee of a public utility may serve as commissioner within two years after leaving the employment of the utility.
(c) The commission shall maintain an updated Conflict of Interest Code and Statement of Incompatible Activities in a manner consistent with applicable law.